• Thu, January 16, 2025

by: AOL

Bankruptcy Filings Jumped in 2024: Are You at Risk of Filing?

Many Americans are struggling financially, despite what their social media highlights show. According to the most recent federal statistics, bankruptcy filing surged by a total of 16.2%

by: MSN

David Staples: Numerous reasons we can't trust Mark Carney to put Canada first

If you're looking for a leader who will put Canada first, Mark Carney is not your guy. I say this even as Carney is many things that Justin Trudeau is not — brainy, experienced in business, and from Western Canada.

by: Forbes

This Week In Credit Card News: Medical Credit Cards Are Being Pushed On Patients

Medical credit cards are increasingly pushed on patients across America as the costs of health, dental, and veterinary procedures rise. CareCredit had 12 million cardholders and 270,000 participating providers in 2024,

by: Reuters

World Bank warns that US tariffs could reduce global growth outlook

The World Bank on Thursday warned that U.S. across-the-board tariffs of 10% could reduce already lackluster global economic growth of 2.7% in 2025 by 0.3 percentage point if America's trading partners retaliate with tariffs of their own.

by: unite

The Rise of Agentic AI: A Look Back at 2024 and Predictions for 2025

by: MSN

How California's catastrophic wildfires are inflaming the state's insurance crisis

The wildfires scorching Southern California are turning entire neighborhoods into ash, decimating expensive properties and exacerbating an insurance crisis that predates the infernal blazes. Costs are quickly mounting as the Los Angeles area's disaster continues to unfold,

by: Reuters

Former Bank of Canada governor Carney enters race to replace Trudeau

Former Bank of Canada governor Mark Carney announced on Thursday that he was running to replace Prime Minister Justin Trudeau as leader of the ruling Liberal Party, saying he wanted to focus on the struggling economy.

by: Forbes

Fifth Third Bank's CIO On AI, Cloud And Customer-Centric Innovation

As the CIO of Fifth Third Bancorp, Jude Schramm has been instrumental in steering the Cincinnati-based national banking institution through a major digital journey.

by: Reuters

Wall St subdued after strong session; focus on earnings

Wall Street's main indexes took a pause on Thursday following strong gains in the previous session, helped by a batch of bumper earnings from major banks, while investors assessed data to gauge the outlook for interest rate cuts this year.

by: MSN

Bipartisan group of senators tells Biden admin to halt 'secret negotiations' with foreign trade partners

The Biden administration is being accused of working to circumvent Congress in its efforts to push an eleventh-hour change to some of the United States' free trade agreements.

by: MSN

Former Bank of England governor running to replace Trudeau as Canada's PM

Former Bank of England governor Mark Carney has announced he is running to replace Justin Trudeau as leader of the Liberal Party and prime minister of Canada.

by: Reuters

US CDC recommends faster testing for bird flu in hospitalized patients

People hospitalized for flu should be tested for bird flu within 24 hours, the U.S. Centers for Disease Control and Prevention said on Thursday, in an expansion of the agency's efforts to tackle increasing infections in humans.

by: Reuters

Car plants in Europe, North America face closures in 2025, Gartner says in report

Several European and North American car factories are at risk of being closed or sold this year as automobile brands struggle with overcapacity and price competition, research and advisory firm Gartner said in a report on Thursday.

by: MSN

Billionaire Mark Cuban Proposes TikTok Alternative - Could It Help You Replace Lost Income?

A TikTok ban could shake up the U.S. economy. Mark Cuban's alternative aims to save creators, small businesses, and advertisers alike.

by: MSN

8 Surprising Things NFL Stylist Tom Marchitelli Learned from Dressing Travis Kelce, Gronk and More (Exclusive)

Marchitelli has designed and styled suits for the biggest names in sports with a client roster of 500-plus athletes across the NFL, MLB and NBA

by: MSN

American Express To Pay $230M For Misleading Small Business Customers

American Express said it will pay $230 million to resolve federal investigations into deceptive sales tactics and recordkeeping violations involving small business credit card and wire transfer products.

by: MSN

Scaramucci, Ackman Donate to Whitney Tilson's NYC Mayoral Run

Anthony Scaramucci, Bill Ackman and many others in the finance industry have helped Whitney Tilson build his treasure chest to run for mayor of New York City.
  • Fri, January 17, 2025

by: sinchew

Global finance leaders set tone for 2025 at the Asian Financial Forum

HONG KONG SAR - Media OutReach Newswire - 16 January 2025 - The 18th Asian Financial Forum (AFF) concluded successfully on January 14 after a two-day run at the Hong Kong Convention and Exhibition Centre,

by: blogTO

Toronto is hiring for a ton of jobs right now and many pay over $100K

When most people think of finding a job in Toronto, working for the City often comes to mind, as it offers some enticing perks like job security,

by: Tuko

World Bank Announces Internship Programme Paying Hourly Salary, KSh 388k Commuter Allowance

The World Bank has unveiled its 2025 internship programme, which offers candidates a competitive hourly salary and a commuter allowance of KSh 388,500.

by: briefly

Who is Arrie Rautenbach? Get to know the South African businessman

Arrie Rautenbach is a South African banker with nearly three decades of experience in the industry. Uncover key facts about his life and career journey.

by: Moneyweb

South African lawmakers to quiz banks over lending practices

The meeting is to ensure that the banking sector in South Africa is open, transparent and of service to poor people to facilitate inclusion in the productive sectors of the economy,' Mzwandile Masina.

by: UCL

UCL enhances business education offer in heart of London

The UCL School of Management, based at Canary Wharf, is doubling in size as part of ambitious plans to enhance its student and academic offer and further cement its position as one of the country's leading business schools.

by: Oneindia

FACT SHEET: United States and Karnataka

The United States and Karnataka share a dynamic and growing relationship, grounded in a commitment to innovation, excellence in research and development, and a range of mutual strategic interests. From nurturing business collaborations to supporting educational exchanges,

by: Forbes

Game-Changing SBA Updates Every Business Owner Should Know

These are substantial, strategic changes specifically designed to make it easier than ever for business owners to get their hands on working capital.

by: AOL

LeBron James' business partner is raising $5 billion for a basketball league to rival the NBA

Lebron James' longtime business partner Maverick Carter—known as the negotiator behind James' blockbuster lifetime deal with Nike—is working with a group of investors to raise $5 billion to create an international basketball league meant to compete with the NBA.

by: AOL

The Best AI Stocks to Invest $500 in This Year

Artificial intelligence (AI) was a market-driving theme last year, with AI stocks helping the S&P 500, the Nasdaq, and the Dow Jones Industrial Average each soar in the double digits. Companies selling AI tools and services saw earnings climb -- and investors piled into these players.

by: Reuters

Truist beats quarterly profit estimates on investment banking gains

Truist Financial on Friday exceeded Wall Street estimates for fourth-quarter profit, helped by stronger investment banking and trading activity as capital markets strengthened.

by: Reuters

Private equity 'secondary' sales hit record as Ardian closes $30 bln fund

The secondary market for private equity funds saw record transaction volumes last year as buyout bosses and their investors looked for ways to generate cash amid a downturn in dealmaking.

by: AOL

Here's how L.A. homeowners impacted by the wildfires can request mortgage relief

JPMorgan Chase and Bank of America have programs offering mortgage relief to homeowners impacted by the California wildfires.

by: Reuters

India's ICICI Lombard beats Q3 profit estimates on health, motor insurance boost

India's ICICI Lombard General Insurance beat third-quarter profit estimates on Friday, helped by higher premiums earned in its health and motor insurance segments.

by: Reuters

SBI Life Insurance posts higher Q3 profit on policy renewals, new sales

India's SBI Life Insurance Company posted a higher third-quarter profit on Friday, led by growth in renewed and new insurance policies.

by: Reuters

ECB should not rush rate cuts, Nagel says

The European Central Bank should not rush to lower interest rates because inflation remains high and uncertainty great, ECB policymaker Joachim Nagel said in an interview published on Friday.

by: MSN

Cadence Minerals grants share options to top executives

LONDON - Cadence Minerals Plc (AIM: KDNC) has announced the awarding of share options to its top executives, a move that increases the total number of options over ordinary shares in the company. The granted options total 14,

by: MSN

Ankur Warikoo reveals his annual revenue for 2024: 'Look at how much money I make'

Entrepreneur and content creator Ankur Warikoo unveils his holding company's operations and growing digital influence across multiple platforms.

by: MSN

Who Is Nathan Anderson? The American Short Seller Who Shook India With Adani Allegations

Nathan Anderson, founder of Hindenburg Research, announced the firm's disbanding on Wednesday, January 15, 2025. Known for impactful reports on the Adani Group and Nikola, Hindenburg gained prominence through its investigations.

by: MSN

Want to own an ice cream parlor? Distinctive Wilson business up for sale.

After operating for nearly two years, an ice cream shop in Wilson is for sale. Larry Steinhouse, owner of The Ice Cream Corner, announced on Facebook Wednesday that he is selling the business due to an "unforeseen event.

by: MSN

India's Private Equity Frenzy: Smart Money Or A Bubble in the Making?

By Utkarsh Sinha & Dr Vipin Sreekumar India's private equity (PE) sector is witnessing an unprecedented surge, fuelled by strong economic growth, favourable demographics, and structural reforms. In 2023,

by: MSN

York biotech company appoints new finance director

York-based OptiBiotix Health plc has appointed David Blain to the Board as Finance Director and Company Secretary.

by: MSN

How Do You Prevent the Next L.A. Wildfire? This Insurance CEO Weighs In.

Despite hurricanes, floods, and the recent devastating fires in Los Angeles, the insurance business can be a lucrative one, particularly with the right strategy. Marsh McLennan seems to be a case in point.

by: MSN

Mass Layoffs as CMC Motors Shuts Down in Kenya After 40 Years

CMC Motors Group has announced its decision to cease all its operations in Kenya and two other countries which will result in mass job losses. The Group on January 17, announced its decision to gradually wind down operations in Kenya,

by: MSN

US consumer finance watchdog faces lawsuit for classifying digital wallets as banks

by: MSN

Trump's treasury nominee turns tables on Sanders in testy exchange about Biden's 'oligarchy' comments

Scott Bessent, President-elect Trump's pick to lead the Treasury Department, went head to head with Sen. Bernie Sanders, I-Vt., over whether the U.S. is headed toward an oligarchy.

by: MSN

U.S. Bank Business Checking Account Review: Pros, Cons and Alternatives

Explore U.S. Bank business checking account features, fees, and benefits. We'll explain the differences between these accounts, helping you decide which is right for you.

by: MSN

Goldman Sachs' SWOT analysis: stock outlook amid investment banking rebound

Goldman Sachs Group Inc. (NYSE:GS), a leading global investment banking, securities, and investment management firm, continues to navigate a complex financial landscape as it enters 2025. The company's stock has been the subject of intense scrutiny by analysts,

by: MSN

'Trump tax' a worry that requires unified Canadian response, Houston says

Donald Trump will carry the threat of a 25 per cent tariff on Canadian goods entering the United States to his swearing-in ceremony Monday for a second term as American president. "Tariff is one word but tax is the real word,

by: MSN

AI in 2025: Custom solutions and autonomous agents lead the way

Advancements in custom AI and agentic AI are poised to revolutionize industries by 2025. Custom AI addresses unique business challenges, while agentic AI operates autonomously to optimize processes. Both trends promise significant productivity and innovation enhancements,

by: MSN

Oakland FBI investigation: Ex-Mayor Sheng Thao indicted amid sprawling public corruption inquiry

A federal grand jury has indicted Oakland's recalled Mayor Sheng Thao, a source with knowledge of the investigation told the Bay Area News Group — a stunning development in a federal public corruption inquiry that touched the highest levels of East Bay's political class.

Car plants in Europe, North America face closures in 2025, Gartner says in report

Several European and North American car factories are at risk of being closed or sold this year as automobile brands struggle with overcapacity and price competition, research and advisory firm Gartner said in a report on Thursday.
According to a Reuters article published on January 16, 2025, Gartner, a research and consulting firm, predicts that car manufacturing plants in Europe and North America will face closures due to a combination of factors including the shift towards electric vehicles (EVs), overcapacity, and declining demand for traditional internal combustion engine (ICE) vehicles. The report highlights that the automotive industry is undergoing a significant transformation with the rise of EVs, leading to a mismatch between production capabilities and market needs. This situation is exacerbated by economic pressures, supply chain disruptions, and the need for substantial investments in new technology and infrastructure to support EV production. Gartner suggests that automakers will need to adapt quickly to these changes or risk significant financial losses and operational shutdowns.

Read the Full Reuters Article at:
https://www.reuters.com/business/autos-transportation/car-plants-europe-n-america-face-closures-2025-gartner-says-report-2025-01-16/

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